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English definition of “outplacement”

outplacement

noun [U]     /ˈaʊtˌpleɪsmənt/
HR help with finding a new job that a company gives to someone they can no longer employ: We will assist people who have lost their jobs by providing retraining and outplacement services. a leading outplacement firm
(Definition of outplacement noun from the Cambridge Business English Dictionary © Cambridge University Press)
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